Commercial banks won’t be increasing interest rates, for now, thanks to the resilience of the rand against the greenback.
A good Thursday for the rand value was made even better by the SA Reserve Bank’s decision to keep the interest rate at 6.5%.
It’s likely that the SA Reserve Bank won’t rock the boat over the interest rate, according to PSG Wealth representative Adriaan Pask.
Julius Malema keeping his word on nationalisation.
The top brass of the SARB also addressed queries regarding the selection of Nedbank in handling the repayment process.
From the R5 coin to the R200 note, each commemorative issue tells a story about Madiba’s life.
The former Gupta-lenders are seeking a way out of Mzansi
The research group’s motives are being questioned by the financial analysts
South African Reserve Bank deputy governor and registrar of banks, Kuben Naidoo, has the tough task of curbing money laundering.
The last week saw some dramatic volatility in the markets in both South African and abroad. The GBP has been on the charge, while the Rand has taken a bit of a beating in the last week or so. Meanwhile, the Dollar has been weaker due to the recent spate of natural disasters as well as ongoing geopolitical tensions.
Ratings agency Moody’s have postponed our credit report. But it’s not looking good…
She’s already facing action for her poorly planned bank reforms
Baleka Mbete has, on behalf of parliament, filed a supporting affidavit to the Reserve Banks court application to have Public Protector Busisiwe Mkhwebane’s report on the bank’s independence set aside.
If South Africa is to stave off recession, the country’s economy will have to grow by at least 1% in the three remaining quarters of the year.
The GBP rallied against major currencies as investors took early results as showing Scottish voters had rejected independence from UK. Initial reports suggest that Scotland has voted 55% in favour of staying in the union and 45% backing independence.